Japan¡¯s factory output rose less than expected in May, missing analysts¡¯ estimates as U.S. tariffs hit the nation¡¯s exports, clouding the outlook for the Asian economy as it faces the risk of a technical recession.
Industrial production increased 0.5% from the previous month, the industry ministry reported Monday. Economists had expected a 3.5% gain. Output fell 1.8% from a year earlier, missing expectations of a 1.6% rise.
Forecasts for the next few months also remained weak, with manufacturers anticipating monthly production to gain 0.3% in June and decline 0.7% in July, according to the release.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.